Pollard, SimonTaylor, ChrisGuidance for lay audiences on regulatory instrument selection<p>The purpose
of this guide, authored by Dr Chris Taylor, is to help policy makers and regulators develop ideas for
achieving policy objectives that make use of the full range of policy and
regulatory instruments at your disposal (e.g. emission licences, tradable
permit schemes, product labelling, voluntary agreements). It could be used to design new
measures, or to identify better ways than at present to achieve objectives that
harness the influence of non-government actors. It is intended to spark
thinking and debate. You could use this guide to help stimulate your own
thinking, or to support a discussion with your team or other stakeholders. </p>
<p><br></p><p>The content
focuses on describing the range of instruments that could be used and exploring
when they are suitable. It focuses on instruments to tackle environmental
risks, though many of the approaches described can also be used for other
policy objectives. It is assumed that the reader
already has a good understanding of the policy objectives to be met, the forms
of market failure (e.g. polluters not compensating for damage caused) or other
policy considerations that lead to the need for intervention, the stakeholders
involved and the environmental, social and economic systems that connect them
together. It is also assumed that the option of doing nothing has been
considered but is unacceptable.</p>
<p><br></p><p>In line with the Defra Policy Cycle, instrument ideas sparked
from this guide will need to be developed into full proposals and their impact
assessed. This development process is beyond the scope of this guide.</p>Regulation;risk;instrument;selection;Self-Regulation2018-07-19